Insteel Industries Inc (IIIN)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 32,415 | 125,011 | 66,610 | 19,009 | 5,598 |
| Total stockholders’ equity | US$ in thousands | 381,505 | 389,744 | 302,038 | 264,803 | 246,017 |
| ROE | 8.50% | 32.08% | 22.05% | 7.18% | 2.28% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $32,415K ÷ $381,505K
= 8.50%
Insteel Industries, Inc.'s return on equity (ROE) has exhibited fluctuations over the past five years. The ROE was 8.50% as of September 30, 2023, representing a significant decrease from the previous year's 32.08%. This decline suggests that the company's ability to generate profits from shareholders' equity has weakened. The ROE was considerably higher in the fiscal year ending October 1, 2022, indicating a strong performance and efficient utilization of equity. The ROE for October 2, 2021, was 22.05%, showing a robust performance and a positive trend compared to the previous year. However, the ROE on October 3, 2020, and September 28, 2019, were 7.18% and 2.28%, respectively, indicating lower profitability and decreased efficiency in utilizing shareholder equity. Overall, the inconsistency in Insteel Industries, Inc.'s ROE over the past five years indicates varying levels of financial performance and efficiency in generating returns from shareholders' equity.
Peer comparison
Sep 30, 2023